If the dollar-yen exchange rate changes from $1 = 125 yen to $1 = 100 yen, then
a. exports to Japan will likely decrease.
b. Japanese tourists will be more likely to visit the United States.
c. U.S. businesses will be more likely to use Japanese shipping lines to transport their products.
d. U.S. consumers will be more likely to buy Japanese-made automobiles.
B
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Sunil has decided not to purchase another can of Stosh because his friends laughed at him the last time he purchased some. Stosh is no longer a popular item. Sunil's action is known as
A) price-leadership. B) negative-sum game. C) positive market feedback. D) negative market feedback.
A decrease in the inflation target by the central bank would:
A. cause the dynamic aggregate demand curve to shift to the right. B. cause the dynamic aggregate demand curve to shift to the left. C. have no impact on the positioning of the dynamic aggregate demand curve. D. be reflected by a movement down and along the existing dynamic aggregate demand curve.